Singapore

Project Mariana used DeFi technology concepts on a public blockchain.

It enables developers to fully automate their payments and digitalise their workflows.

MAS says it's "too early to tell" if FIs involved adhered to ML requirements or not.

AlteriQ Global, Augment Capital Partners, and Orange Bloom participated in the fund raising. 

It offers real-time visibility, access, and control of cash holdings to companies.

The Lion City attracted the highest level of VC investments, offering regulatory stability.

Deutsche Bank is the top bank for M&As, whilst Citi took the largest share for ECM underwriting.

Banks also recorded lower DCM fees compared to the first nine months of 2022.

Cracks in the financial ecosystem can erode confidence and deter foreign institutional investment. Recent occurrences, particularly the collapse of three small to mid-sized US banks in March 2023, serve as a stark reminder of the banking sector’s vulnerability and underscore the criticality of risk management and regulatory oversight. This leaves no room for complacency, even in economies such as Singapore, which has long prided itself as a bastion of economic stability.

The digital banking sector in Singapore has grown in importance over the years alongside the established banks, improving the quality of financial services, albeit in a competitive environment with one of the most stringent licensing and regulatory regimes.

Over 180 participants graced the 20+ sessions in the day-long event.

It has reported these sites to the local police and the HKMA.

The found that Credit Suisse failed to secure trust assets of Ivanishvili. 

New users who top up S$50 will receive S$40 off iShopChangi purchases.

Authorities issued 18 prohibition orders and logged a total of 39 criminal convictions.

Payments will be made directly from customers’ OCBC SG bank accounts.